Fitch Ratings predicts 34% rise in crude oil prices this year 

The prices of crude oil are expected to increase by $14.7 or 33.9% to stand at $58 a barrel, Fitch Ratings said in its report published on Wednesday.

The report says this figure was $43.3 a barrel last year: “In 2022, the prices are estimated to fall by 8.62% to $53 a barrel.”